US Trade War: EU To Respond To Auto Tariffs Move

MALCOLM TURNBULL EU TRADE NEGOTIATIONS

President Trump on Friday threatened to unilaterally impose a 20 percent tariff on all automobile imports from Europe, further breaking from Republicans in Congress and front-running an investigation he had ordered from the Commerce Department into whether these imports harm the U.S.'s national security.

In response to Mr Trump's tariffs on European steel and aluminium, the EU has imposed tariffs on imports of United States cranberries, orange juice, sweetcorn, peanut butter, bourbon whiskey, cigarettes, cigars, cheroots (a type of thin cigar), cosmetics, motorbikes, boats, jeans, leather footwear, swimwear, underwear and steel products. The US has pledged to impose 25 per cent tariffs on $US34 billion in Chinese goods on July 6, and China vowed to retaliate in the same amount of US imports.

United States president Donald Trump threatens 20 per cent tariffs on European Union cars.

The European Union has a 10 percent tariff on cars imported from the United States.

Given his Friday tweet renewing the threat of a 20% Trump tariff, it seems safe to say that the president didn't appreciate the German offer and has no intention of opening up the U.S.to stiffer light-truck import competition.

The European Union charges a 10 percent tariff on auto imports from the United States.

In an interview with Business Insider Germany last week, Bernhard Mattes, the president of the German Association of the Automotive Industry, said tariffs would hurt not only European automakers but the U.S. economy as well.

Trump's latest threat to extend tariff measures on autos, using the same "national security" provision as was employed in the case of steel and aluminium, would provoke a much bigger conflict, especially with Germany.

U.S. Commerce Secretary Wilbur Ross said earlier this week that his department plans to wrap up by July or August an investigation into whether imported cars and vehicle parts are a threat to national security.

The auto tariffs are a part of a broader agenda by the White House.

Southgate won't blame injured Alli for playing through pain barrier
Comparing the Tunisia game to the Euro 2016 loss to Iceland, Walker added: "I think we've learned a lot". They speed up play very quickly and have a one-touch approach which is awesome .

"The parties that will be most impacted are United States companies", he said. Leaders from the UK, Germany, and France slammed Trump's decision to hit the European Union with steel and aluminum tariffs and the bloc responded with tariffs of their own.

Trump has repeatedly singled out German automotive imports to the USA for criticism.

BMW's largest plant in the world, in SC, built 371,000 cars past year.

Customs agents across the Europe's colossal market of 500 million people will now impose the duty, hiking prices on US-made products in supermarkets and across factory floors.

Autos stocks fell on the news.

The U.S. already taxes imports of European cars at a rate of 2.5 percent.

Sales to the U.S. fell 10 percent to 494,000 vehicles, while Germany automakers produced 804,000 vehicles in the United States a year ago.

Trump has threatened to impose new taxes on European and other imported cars - an idea that caught many by surprise, because domestic automakers GM and Ford have been thriving, and foreign companies such as BMW, Toyota and Honda now have large plants in the U.S. A group representing major USA and foreign vehicle makers has said it was "confident that vehicle imports do not pose a national security risk".

In fact, the USA is the largest export market for cars built in the EU. He told automakers at a meeting in May he was planning tariffs on some imported vehicles.

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